How is the Philippine currency system?
The Philippine currency system is based on the decimal system, with the peso as the unit of currency. The peso is divided into 100 centavos. Currency notes are issued in denominations of 5, 10, 20, 50, 100 pesos, while coins are issued in denominations of 1, 5, 10, 25, and 50 centavos. The peso is represented by the symbol PHP, while the centavo is represented by the symbol ¢.